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Jeff Bezos Is Now the World's Second Richest Person

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Re: Jeff Bezos Is Now the World's Second Richest Person

#13
post #2

Any reason why the Rothchilds never show up in these lists? My best guess there is some sort of "who's the richest game" for some new money players (who's fortune can be tracked), where old money prefers obscurity.

They may have it spread across a larger family and in opaque investment vehicles, etc.

Re: Jeff Bezos Is Now the World's Second Richest Person

#14
post #10
post #8

How is Bezos making money? Amazon doesn't seem to generate enough dividends to reach this amount of wealth, or does it?

It's primarily Amazon stock going up in price. Started year at 750, 874 now.

aha makes sense. So basically the worth of his shares went dramatically up.

Re: Jeff Bezos Is Now the World's Second Richest Person

#15
post #2

Any reason why the Rothchilds never show up in these lists? My best guess there is some sort of "who's the richest game" for some new money players (who's fortune can be tracked), where old money prefers obscurity.

Most extremely wealthy people hide their wealth through corporations / trusts / etc and never show up on these lists.

This sort of info isn't technically pure public knowledge, right? It's mostly estimated based on stock ownership figures where they're publicly listed I would guess? Probably less a matter of hiding than just not-public-info.

Re: Jeff Bezos Is Now the World's Second Richest Person

#17
post #2

Any reason why the Rothchilds never show up in these lists? My best guess there is some sort of "who's the richest game" for some new money players (who's fortune can be tracked), where old money prefers obscurity.

http://www.snopes.com/rothschild-family-wealth/

Basically, after three generations a single persons wealth is distributed out enough to get dropped from these sorts of lists. Jeff might be the 2nd richest in the world - it's highly unlikely his grandchildren will be ranked as such.

Re: Jeff Bezos Is Now the World's Second Richest Person

#19
post #8

How is Bezos making money? Amazon doesn't seem to generate enough dividends to reach this amount of wealth, or does it?

Bezos owns about 83M[1] shares of Amazon which are currently $875.

[1] https://www.quora.com/What-percentage-of-Amazon-does-Jeff-Be...

Re: Jeff Bezos Is Now the World's Second Richest Person

#20
post #9
post #4

> Amazon’s founder has added $10.2 billion this year to his wealth... It's not even April yet...

End of financial year tomorrow.

eh is it? I thought it's end of Q2 tomorrow only. The $10 billion is probably the addition of Q1 and Q2 so far this fiscal year.
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